LG Siltron Changes Its Name to SK Siltron

August 18, 2017 08:50|08 18, 2017 18:07

LG Siltron, a wafer maker acquired early this year by SK Group, held an extraordinary shareholders meeting on August 17 and decided to change its name to SK Siltron. Back in January this year, SK Corp., SK Group's holding company, decided to purchased a 51-percent stake in LG Siltron at 620 billion won and has since completed merger tests with competition authorities in major countries including China.

SK Siltron was ranked No. 4 in the world last year in the 300-mm wafer area. The semiconductor wafer market is expected to grow fast due to increasing miniaturation in relation to the development of the aritificial intelligence and the Internet-of-Things industry, as well as the rising demand for 3D NAND chips.

With the launch of SK Siltron, SK Corp. has reached its goal one step further to becoming an integrated semiconductor materials company after acquiring SK Materials last year.